Reaves Infrastructure Fund (RSRFX)
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of domestic and foreign public infrastructure companies. The adviser considers a company to be involved to a significant extent in the Utilities and/or the Energy Industry, as applicable, if at least 50% of its assets, gross income or profits are committed to or derived from Utilities or Energy.
Fund Info
US00764Q1085
Dec 21, 2004
$1,000
Large-Cap
Blend
Expense Ratio
RSRFX has a high expense ratio of 1.10%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Reaves Infrastructure Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Reaves Infrastructure Fund had a return of 8.75% year-to-date (YTD) and 32.80% in the last 12 months. Over the past 10 years, Reaves Infrastructure Fund had an annualized return of 1.35%, while the S&P 500 had an annualized return of 11.31%, indicating that Reaves Infrastructure Fund did not perform as well as the benchmark.
RSRFX
8.75%
2.34%
16.40%
32.80%
0.19%
1.35%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of RSRFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.88% | 8.75% | |||||||||||
| 2024 | -1.77% | 3.12% | 2.22% | -2.98% | 5.90% | -2.62% | 5.96% | 3.46% | 7.73% | 0.87% | 5.97% | -8.51% | 19.66% |
| 2023 | 2.80% | -5.33% | 2.70% | 1.99% | -5.16% | 2.90% | 2.00% | -2.54% | -5.39% | 0.13% | 6.01% | 0.75% | 0.06% |
| 2022 | -7.44% | -2.24% | 6.11% | -7.13% | -0.29% | -5.26% | 6.19% | -2.52% | -11.86% | 3.74% | 8.41% | -13.49% | -25.25% |
| 2021 | -2.26% | -3.27% | 7.16% | 5.12% | 0.53% | -0.44% | 2.30% | 3.81% | -8.08% | 3.63% | -0.00% | 1.23% | 9.14% |
| 2020 | 3.04% | -7.57% | -13.68% | 4.76% | 4.77% | -2.11% | 8.56% | 0.60% | -0.99% | -0.80% | 5.66% | 1.72% | 1.83% |
| 2019 | 8.84% | 2.35% | 4.02% | 2.52% | -1.77% | 4.70% | 1.24% | 2.17% | 1.90% | -0.55% | -0.55% | -2.79% | 23.82% |
| 2018 | 0.20% | -6.74% | 1.68% | 2.38% | 0.40% | 1.91% | 2.38% | 0.19% | 0.34% | -4.73% | 3.14% | -15.09% | -14.53% |
| 2017 | 1.22% | 2.82% | 0.34% | 0.98% | 0.68% | -1.26% | 3.32% | -0.00% | -0.99% | 1.63% | 2.16% | -5.60% | 5.09% |
| 2016 | 1.01% | 0.40% | 7.50% | 2.98% | 0.72% | 6.36% | -0.17% | -1.95% | 1.56% | -1.88% | -0.35% | -12.59% | 2.19% |
| 2015 | -0.47% | 0.37% | -0.56% | 1.69% | -1.67% | -4.15% | 0.69% | -3.92% | -0.71% | 5.36% | -0.98% | -1.99% | -6.46% |
| 2014 | 0.87% | 3.65% | 1.53% | 2.38% | 1.70% | 4.32% | -3.38% | 3.85% | -4.30% | 2.56% | -1.03% | -6.32% | 5.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 85, RSRFX is among the top 15% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Reaves Infrastructure Fund (RSRFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Reaves Infrastructure Fund provided a 0.62% dividend yield over the last twelve months, with an annual payout of $0.07 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.07 | $0.07 | $0.11 | $0.07 | $0.04 | $0.06 | $0.14 | $0.14 | $0.11 | $0.27 | $0.18 | $0.13 |
Dividend yield | 0.62% | 0.68% | 1.33% | 0.80% | 0.35% | 0.56% | 1.30% | 1.59% | 1.08% | 2.70% | 1.82% | 1.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Reaves Infrastructure Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.07 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.11 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2020 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.14 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.14 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.11 |
| 2016 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.19 | $0.27 |
| 2015 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.18 |
| 2014 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Reaves Infrastructure Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Reaves Infrastructure Fund was 65.94%, occurring on Mar 9, 2009. Recovery took 1842 trading sessions.
The current Reaves Infrastructure Fund drawdown is 7.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -65.94% | Nov 7, 2007 | 335 | Mar 9, 2009 | 1842 | Jul 1, 2016 | 2177 |
| -36.32% | Feb 19, 2020 | 24 | Mar 23, 2020 | 269 | Apr 16, 2021 | 293 |
| -35.77% | Sep 3, 2021 | 520 | Oct 2, 2023 | — | — | — |
| -27.33% | Jul 25, 2016 | 610 | Dec 24, 2018 | 287 | Feb 14, 2020 | 897 |
| -11.7% | Oct 4, 2005 | 13 | Oct 20, 2005 | 135 | May 5, 2006 | 148 |
Volatility
Volatility Chart
The current Reaves Infrastructure Fund volatility is 6.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.